EU regulatory developments.

The article discusses the regulatory developments in the banking sector in the European Union (EU). It mentions the decision of EU Commissioner Michel Barnier to appoint members of the High-Level Expert Group on structural aspects of the banking sector and a consultation launched by the EU Commission the general orientation of European company law. It cites the decision of EU Commission to prohibit the proposed merger between Deutsche Börse AG and NYSE Euronext Inc. and a study published by the EU Parliament which tackles the situation of the venture capital industry in the EU. It also notes the discussion paper published by the European Securities and Markets Authority (ESMA) which explains the key concepts of the Alternative Investment Fund Managers (AIFM) Directive.